**GBPJPY — Trigger Watch | Rejection at Major Resistance**GBP/JPYOANDA:GBPJPYdarlwright**GBPJPY — Trigger Watch | Rejection at Major Resistance** GBPJPY has moved onto our VMS Trigger Watch. After setting new highs, price spent roughly **two weeks in consolidation** before making a decisive bearish move lower over two days. Price has since retraced back into a **well-established resistance zone**, where we have now seen **three consecutive days of rejection**. Today, another important piece may be developing: • A **bearish engulfing candle** is currently forming • Momentum remains high and is attempting to turn bearish • Price is testing the **50 EMA** • Three days of rejection are already established inside the resistance zone The structure has our attention, but the current daily candle is **not complete**. We want to see whether today's bearish engulfing candle completes and whether momentum confirms the rejection. For now, there is nothing to predict and nothing to chase. **GBPJPY — Trigger Watch.** Let the market finish showing us what it wants to do. **Volume • Momentum • Structure** *Educational analysis only. Not financial advice.*